Numinus Free Cash Flow Per Share vs Free Cash Flow Yield Analysis

NUMI Stock

0.04 0.01 10.00%

Numinus Wellness financial indicator trend analysis is infinitely more than just investigating Numinus Wellness recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Numinus Wellness is a good investment. Please check the relationship between Numinus Wellness Free Cash Flow Per Share and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Numinus Wellness. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow Per Share vs Free Cash Flow Yield

Free Cash Flow Per Share vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Numinus Wellness Free Cash Flow Per Share account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Numinus Wellness' Free Cash Flow Per Share and Free Cash Flow Yield is 0.91. Overlapping area represents the amount of variation of Free Cash Flow Per Share that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Numinus Wellness, assuming nothing else is changed. The correlation between historical values of Numinus Wellness' Free Cash Flow Per Share and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Per Share of Numinus Wellness are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Free Cash Flow Per Share i.e., Numinus Wellness' Free Cash Flow Per Share and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Numinus Wellness' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Numinus Wellness current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Numinus Wellness. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Numinus Wellness' Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, while Sales General And Administrative To Revenue is likely to drop 1.44.

	2021	2022	2023	2024 (projected)
Interest Expense	557.8K	759.7K	873.6K	917.3K
Depreciation And Amortization	1.5M	2.8M	3.3M	3.4M

Interest Expense Depreciation And Amortization

Numinus Wellness fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Net Tangible Assets	Current Deferred Revenue	Accounts Payable	Other Assets	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Capital Lease Obligations
Total Assets		0.28	0.64	0.98	0.65	-0.86	-0.63	0.95	0.65	0.95	0.54	0.71	0.84	0.65	0.97	0.77	0.6	0.6	0.94	0.71	0.66	0.4	0.64	-0.7	-0.45	0.61
Other Current Liab	0.28		0.58	0.2	0.54	-0.03	-0.42	0.13	0.52	0.13	0.45	0.41	0.37	0.5	0.16	0.37	0.53	0.41	0.3	0.74	0.6	0.57	0.42	-0.73	-0.39	0.42
Total Current Liabilities	0.64	0.58		0.52	0.99	-0.19	-0.96	0.42	0.97	0.42	0.97	0.97	0.91	0.99	0.48	0.94	0.98	0.96	0.73	0.92	0.94	0.89	0.96	-0.87	-0.29	0.96
Total Stockholder Equity	0.98	0.2	0.52		0.53	-0.93	-0.5	0.99	0.53	0.99	0.42	0.61	0.76	0.52	1.0	0.68	0.48	0.48	0.9	0.62	0.52	0.26	0.51	-0.62	-0.43	0.49
Property Plant And Equipment Net	0.65	0.54	0.99	0.53		-0.19	-0.97	0.43	1.0	0.43	0.97	0.96	0.93	1.0	0.48	0.95	0.99	0.98	0.72	0.88	0.93	0.92	0.99	-0.82	-0.35	0.98
Net Debt	-0.86	-0.03	-0.19	-0.93	-0.19		0.17	-0.97	-0.19	-0.97	-0.08	-0.3	-0.49	-0.19	-0.95	-0.38	-0.14	-0.14	-0.73	-0.37	-0.22	0.09	-0.17	0.4	0.34	-0.14
Retained Earnings	-0.63	-0.42	-0.96	-0.5	-0.97	0.17		-0.4	-0.95	-0.4	-0.98	-0.97	-0.93	-0.97	-0.46	-0.96	-0.97	-0.98	-0.76	-0.81	-0.91	-0.89	-0.97	0.75	0.36	-0.98
Cash	0.95	0.13	0.42	0.99	0.43	-0.97	-0.4		0.42	1.0	0.32	0.52	0.69	0.42	1.0	0.6	0.38	0.38	0.85	0.54	0.41	0.15	0.41	-0.55	-0.41	0.38
Non Current Assets Total	0.65	0.52	0.97	0.53	1.0	-0.19	-0.95	0.42		0.42	0.95	0.94	0.92	0.99	0.47	0.93	0.98	0.98	0.71	0.85	0.91	0.92	0.99	-0.79	-0.36	0.98
Cash And Short Term Investments	0.95	0.13	0.42	0.99	0.43	-0.97	-0.4	1.0	0.42		0.32	0.52	0.69	0.42	1.0	0.6	0.38	0.38	0.85	0.54	0.41	0.15	0.41	-0.55	-0.41	0.38
Net Receivables	0.54	0.45	0.97	0.42	0.97	-0.08	-0.98	0.32	0.95	0.32		0.97	0.89	0.98	0.38	0.95	0.98	0.97	0.69	0.82	0.89	0.91	0.96	-0.77	-0.28	0.97
Common Stock Shares Outstanding	0.71	0.41	0.97	0.61	0.96	-0.3	-0.97	0.52	0.94	0.52	0.97		0.96	0.97	0.57	0.99	0.96	0.96	0.82	0.85	0.89	0.84	0.95	-0.81	-0.34	0.96
Other Current Assets	0.84	0.37	0.91	0.76	0.93	-0.49	-0.93	0.69	0.92	0.69	0.89	0.96		0.94	0.73	0.99	0.92	0.93	0.9	0.82	0.84	0.79	0.94	-0.77	-0.47	0.93
Total Liab	0.65	0.5	0.99	0.52	1.0	-0.19	-0.97	0.42	0.99	0.42	0.98	0.97	0.94		0.48	0.96	0.99	0.99	0.73	0.86	0.92	0.92	0.99	-0.8	-0.34	0.99
Total Current Assets	0.97	0.16	0.48	1.0	0.48	-0.95	-0.46	1.0	0.47	1.0	0.38	0.57	0.73	0.48		0.64	0.43	0.43	0.88	0.58	0.47	0.21	0.46	-0.59	-0.42	0.44
Common Stock	0.77	0.37	0.94	0.68	0.95	-0.38	-0.96	0.6	0.93	0.6	0.95	0.99	0.99	0.96	0.64		0.95	0.95	0.86	0.82	0.87	0.82	0.95	-0.77	-0.41	0.95
Property Plant Equipment	0.6	0.53	0.98	0.48	0.99	-0.14	-0.97	0.38	0.98	0.38	0.98	0.96	0.92	0.99	0.43	0.95		0.98	0.7	0.85	0.91	0.93	0.98	-0.79	-0.35	0.98
Short Long Term Debt Total	0.6	0.41	0.96	0.48	0.98	-0.14	-0.98	0.38	0.98	0.38	0.97	0.96	0.93	0.99	0.43	0.95	0.98		0.7	0.78	0.88	0.94	1.0	-0.71	-0.37	1.0
Net Tangible Assets	0.94	0.3	0.73	0.9	0.72	-0.73	-0.76	0.85	0.71	0.85	0.69	0.82	0.9	0.73	0.88	0.86	0.7	0.7		0.74	0.76	0.51	0.72	-0.72	-0.5	0.71
Current Deferred Revenue	0.71	0.74	0.92	0.62	0.88	-0.37	-0.81	0.54	0.85	0.54	0.82	0.85	0.82	0.86	0.58	0.82	0.85	0.78	0.74		0.91	0.7	0.79	-0.99	-0.25	0.79
Accounts Payable	0.66	0.6	0.94	0.52	0.93	-0.22	-0.91	0.41	0.91	0.41	0.89	0.89	0.84	0.92	0.47	0.87	0.91	0.88	0.76	0.91		0.79	0.88	-0.89	-0.23	0.88
Other Assets	0.4	0.57	0.89	0.26	0.92	0.09	-0.89	0.15	0.92	0.15	0.91	0.84	0.79	0.92	0.21	0.82	0.93	0.94	0.51	0.7	0.79		0.93	-0.62	-0.49	0.94
Non Current Liabilities Total	0.64	0.42	0.96	0.51	0.99	-0.17	-0.97	0.41	0.99	0.41	0.96	0.95	0.94	0.99	0.46	0.95	0.98	1.0	0.72	0.79	0.88	0.93		-0.72	-0.37	1.0
Inventory	-0.7	-0.73	-0.87	-0.62	-0.82	0.4	0.75	-0.55	-0.79	-0.55	-0.77	-0.81	-0.77	-0.8	-0.59	-0.77	-0.79	-0.71	-0.72	-0.99	-0.89	-0.62	-0.72		0.17	-0.72
Other Stockholder Equity	-0.45	-0.39	-0.29	-0.43	-0.35	0.34	0.36	-0.41	-0.36	-0.41	-0.28	-0.34	-0.47	-0.34	-0.42	-0.41	-0.35	-0.37	-0.5	-0.25	-0.23	-0.49	-0.37	0.17		-0.38
Capital Lease Obligations	0.61	0.42	0.96	0.49	0.98	-0.14	-0.98	0.38	0.98	0.38	0.97	0.96	0.93	0.99	0.44	0.95	0.98	1.0	0.71	0.79	0.88	0.94	1.0	-0.72	-0.38

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Numinus Wellness Account Relationship Matchups

Numinus Wellness fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.1M	64.1M	52.6M	24.3M	28.0M	20.6M
Other Current Liab	334.0K	172.0K	150K	196.3K	225.7K	190.2K
Total Current Liabilities	2.0M	1.9M	4.6M	4.6M	5.3M	5.6M
Total Stockholder Equity	2.8M	60.8M	41.2M	14.0M	16.2M	16.6M
Property Plant And Equipment Net	2.4M	3.1M	11.4M	9.8M	11.3M	11.8M
Net Debt	(1.2M)	(57.7M)	(25.2M)	(1.4M)	(1.2M)	(1.3M)
Retained Earnings	(23.0M)	(41.7M)	(86.6M)	(116.9M)	(105.2M)	(99.9M)
Cash	1.6M	59.3M	33.0M	8.6M	9.9M	14.1M
Non Current Assets Total	2.5M	3.2M	16.5M	12.3M	14.1M	14.8M
Non Currrent Assets Other	13.9K	24.7K	237.9K	406.1K	467.0K	490.3K
Cash And Short Term Investments	1.6M	59.3M	33.0M	8.6M	9.9M	14.2M
Net Receivables	541.5K	515.8K	1.6M	2.3M	2.6M	2.8M
Common Stock Shares Outstanding	63.8M	164.9M	216.6M	263.6M	303.2M	318.3M
Liabilities And Stockholders Equity	5.1M	64.1M	52.6M	24.3M	28.0M	20.6M
Other Current Assets	85.1K	1.2M	1.5M	1.2M	1.4M	1.4M
Total Liab	2.3M	3.3M	11.4M	10.3M	11.8M	12.4M
Total Current Assets	2.7M	61.0M	36.1M	12.1M	13.9M	15.5M
Accumulated Other Comprehensive Income	6.8M	13.2M	17.5M	18.6M	21.4M	22.5M
Short Term Debt	105.9K	404.1K	1.4M	1.6M	1.8M	1.9M
Common Stock	18.9M	88.9M	109.2M	112.3M	129.1M	135.6M
Property Plant Equipment	2.6M	2.4M	3.1M	11.4M	13.1M	13.7M
Short Long Term Debt Total	421.6K	1.6M	7.9M	7.2M	8.3M	8.7M
Net Tangible Assets	1.4M	2.8M	60.8M	38.7M	44.5M	23.2M
Accounts Payable	1.7M	1.3M	2.7M	2.9M	3.3M	1.9M
Other Assets	144.9K	13.9K	24.7K	237.9K	273.6K	287.3K
Non Current Liabilities Total	315.7K	1.4M	6.8M	5.6M	6.5M	6.8M
Other Stockholder Equity	200K	6.8M	499.6K	1.1M	978.9K	1.8M
Capital Lease Obligations	381.6K	1.6M	7.6M	7.0M	8.0M	8.4M
Net Invested Capital	2.8M	60.8M	41.5M	14.3M	16.4M	26.6M
Capital Stock	18.9M	88.9M	109.2M	112.3M	129.1M	73.5M
Net Working Capital	663.7K	59.1M	31.5M	7.4M	8.5M	8.1M

Pair Trading with Numinus Wellness

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Numinus Wellness position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Numinus Wellness will appreciate offsetting losses from the drop in the long position's value.

Moving together with Numinus Stock

0.61

BOFA

Bank of America

Pair Corr

Moving against Numinus Stock

0.62

PFE

Pfizer Inc CDR

Pair Corr

The ability to find closely correlated positions to Numinus Wellness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Numinus Wellness when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Numinus Wellness - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Numinus Wellness to buy it.

The correlation of Numinus Wellness is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Numinus Wellness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Numinus Wellness moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Numinus Wellness can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Numinus Stock

Balance Sheet is a snapshot of the financial position of Numinus Wellness at a specified time, usually calculated after every quarter, six months, or one year. Numinus Wellness Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Numinus Wellness and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Numinus currently owns. An asset can also be divided into two categories, current and non-current.

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Numinus Free Cash Flow Per Share vs Free Cash Flow Yield Analysis

Free Cash Flow Per Share vs Free Cash Flow Yield

Free Cash Flow Per Share vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Free Cash Flow Per Share

Free Cash Flow Yield

Numinus Wellness fundamental ratios Correlations

Numinus Wellness Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Numinus Wellness fundamental ratios Accounts

Pair Trading with Numinus Wellness

Moving together with Numinus Stock

Moving against Numinus Stock

Other Information on Investing in Numinus Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments

Inventory	- 0.99	Current Deferred Revenue
Capital Lease Obligations	- 0.98	Retained Earnings
Short Long Term Debt Total	- 0.98	Retained Earnings
Net Receivables	- 0.98	Retained Earnings
Non Current Liabilities Total	- 0.97	Retained Earnings
Property Plant Equipment	- 0.97	Retained Earnings